Australian meat processors are increasingly supplying tallow for renewable fuels, which can be blended with used cooking oil and canola oil. Australia is the world’s largest exporter of tallow and animal oils, and record exports worth US$1.5 billion last year were supported by strong demand, especially from the United States.
Growing renewable-fuel use competes with food and feed uses for animal fats, potentially tightening tallow availability and supporting prices. Australia’s large export role means changes in domestic use can also affect global supply.
Not enough comparable past events yet for a historical read.
After 21 past bearish policy events, ULSD / Diesel moved a median -2.4% over 5 sessions (38% higher; middle half -6.5% to +4.7%), and -1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.